Grasim Industries

Good environmental performance makes good business sense. And to support this rationale, CSE analysed the financial performance of the 28 firms that had been rated. The conclusion: there is a 60 per cent likelihood of a mill with fairly good environmental performance churning out profits.

New Delhi, December 16, 2005: The cement industry, the country’s second largest excise duty payer (after tobacco industry) and potentially very polluting, has been awarded the Three Leaves Award by the Centre for Science and Environment (CSE). This sector, which has major environmental impacts, has received higher marks than the three sectors rated previously by CSE – pulp and paper, chlor-alkali and automobiles.